geico. fifteen minutes could save you fifteen percent or more on car insurance. >>> in >>> in today's meeting the fed downgraded the economy equalling q4's gdp drop an economic pause. that means they're going to keep on pumping. certainly in my lifetime and maybe forevermore. here is our great friend randy crosner, a former federal reserve governor. now from the university of chicago's booth school of business. randy, do i have the story right? the fed was a little bit more pessimistic. there is no question they will keep pumping. is there? >> it's clear they will continue on this path of buying treasury and mortgage-backed security. they seemed to suggest the pause in the economy was due to one-off factors last quarter. i'm not sure they think the economy will continue at that low level. i think they think it will pick up a bit. >> do you think there is a chance the fed would raise the target rate which is 0% this year? >> i can't see that happening. i never say never after what i saw in wa